A new analytical report has revealed a sharp rise in the wealth of India’s top billionaires, highlighting growing economic inequality in the country. According to the findings, the fortune of Gautam Adani has surged by 625%, while the wealth of Mukesh Ambani has increased by 153% over a recent period. Read More: Most billionaires in India today once resided […]
Mukesh Ambani
U.S. sanctions force India to ditch $33B Russian oil contracts
India has finally yielded to U.S. pressure, deciding to stop buying Russian oil, ending a decade-long trade agreement. Reliance Industries, owned by billionaire Mukesh Ambani, will no longer import Russian crude. The move follows threats of high U.S. tariffs affecting India’s trade relations. The U-turn means Reliance will now source expensive oil from the Middle […]
India defends Ambani-run zoo
India has urged the UN wildlife trade body, CITES, not to restrict its imports of endangered species, defending Vantara, a private zoo in Gujarat run by the philanthropic arm of billionaire Mukesh Ambani’s family. The zoo, spanning 3,500 acres, has faced allegations of irregular animal shipments, prompting heightened scrutiny from authorities in Germany and the […]
Reliance Jio partners with SpaceX to bring Starlink to India
Mukesh Ambani’s Reliance Jio has signed a deal with Elon Musk’s SpaceX to distribute Starlink satellite internet in India. This unexpected partnership comes after months of disputes over spectrum allocation. Jio will stock Starlink equipment in thousands of retail stores, giving SpaceX direct access to the Indian market. The deal is still subject to government […]
Mukesh Ambani reveals leaderships roles for his children
NEW DELHI: Mukesh Ambani reveals leaderships roles for his children. Speaking at India’s telecom leader Reliance’s annual general meeting, Reliance Chairman Mukesh Ambani said he has been training his children on a daily basis. As they begin to take the reins at the company, they need to be trained. In addition, with a market value […]